October 26, 2022
AUDI AG ("AUDI") has selected Sauber as a strategic partner for its Formula 1 project and plans to acquire shares in the Sauber Group as part of this process.
AUDI AG ("AUDI") has selected Sauber as a strategic partner for its Formula 1 project and plans to acquire shares in the Sauber Group as part of this initiative. The Swiss traditional racing team will start as an AUDI works team in Formula 1 from the 2026 season.
Wenger Plattner advised AUDI on all legal aspects regarding this collaboration and the acquisition of shares. The project team was led by Dr. Oliver Künzler, Partner/Head Practice Group Corporate/M&A. The core team also included Dr. Marc Nater, Partner, Corporate/M&A, Dr. Fritz Rothenbühler, Partner, Competition, Markus Mühlemann, Partner, Tax, Damian Schai, Partner, IP/IT, Benjamin Dürig, Counsel, Corporate/M&A, Dr. Martina Braun, Counsel, Commercial/IP/IT, Cristina Solo de Zaldivar, Counsel, Employment, Suzanne Eckert, Counsel, Corporate/M&A, and Dr. Jean-François Mayoraz, Associate, Corporate/M&A.
Julius Seebach, Lead Negotiator on the AUDI side: "The team from Wenger Plattner, under the leadership of Dr. Oliver Künzler, did an excellent job and made a valuable contribution to the successful completion of this project under very ambitious conditions."
Dr. Michael Moritz, Head of Corporate / Investments Economic Criminal Law / Antitrust Law and Project Manager Legal AUDI: "The quality of the advice and the prudent leadership of Dr. Oliver Künzler, combined with the consistently very short response times, were outstanding and a key prerequisite for such a complex project to be captured in a comprehensive contractual framework within a short time. Many thanks to the entire Wenger Plattner team!"
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